The EZ investment credit is 8% of the cost or other basis for federal income tax purposes of eligible tangible property in an Empire Zone and acquired or built while the area is designated as an Empire Zone.

The act also establishes an advanced energy investment credit that provides a 30 percent investment tax credit for facilities engaged in developing technologies for the production of renewable energy, energy storage, energy conservation, efficient transmission and distribution of electricity, carbon capture and sequestration.

Under an investment credit program, the insured pays the full premium--the portion for insurance company expenses as well as the loss fund for expected losses within the insured's retention or deductible--in cash during the policy year.

During the past few years, a new product structure has evolved that offers participants these attributes and, at the same time, satisfies the plan sponsor's need for diversification of investment credit risk.

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